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Media Advisory: FHLB Dallas, Home Bank, Fifth District Savings Bank, Red River Bank and Trustmark Bank to Award Nearly $4M in Affordable Housing Funds to Gulf Coast Housing Partnership [Ya...

Red River Bancshares, Inc. (RRBI) 
Company Research Source: Yahoo! Finance
NEW ORLEANS, January 23, 2024 BUSINESS WIRE )--The Federal Home Loan Bank of Dallas (FHLB Dallas), Home Bank, Red River Bank, Trustmark Bank and Fifth District Savings Bank will present $3.98 million in Affordable Housing Program (AHP) funds to support Gulf Coast Housing Partnership with building seven Affordable Housing Program projects. The funds are part of $28.4 million in AHP grants provided by FHLB Dallas through its member financial institutions in 2023. The funds will help create 2,677 new or rehabilitated housing units, including more than $6.5 million for 575 units in Louisiana. For more information about the AHP, visit fhlb.com/ahp. The AHP funds will be used for seven projects: The H3C Apartments Project, Fifth District Savings Bank ($850,000) A 92-unit senior (55+) multifamily housing development in New Orleans, Louisiana Village at the Beverly III, Trustmark Bank ($450,000) A 30-unit multifamily housing development in Hattiesburg, Mississippi Phoenix Squar Show less Read more
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